Oracle Customer Advisory Board Presentation, Napa, February 2014

andrewjns
The Makings of the Modern
Marketer
April 3, 2014
Charlene Li, Founder and Analyst
Andrew Jones, Analyst
This was once the scale of a customer
relationship
Today it’s not so easy.
How do we build one-to-one relationships at
scale?
In 2014, the customer journey will continue
to fragment, making it harder than ever for
brands to track and engage with customers
Marketing Sales Customer Service HR Innovation etc.
The Dynamic Customer Journey
Awareness Consideration Intent Purchase Support Loyalty Advocacy
“A friend of mine gets Christian Mingle ads,
even though he’s Jewish and married. That
shouldn’t happen. His religion and marital
status are available on Facebook.”
-Bill Piwonka, VP Marketing Janrain
90%
Of companies are committed to delivering
an integrated customer experience
Source: Econsultancy & CACI
20%
Have a well developed strategy
Source: Econsultancy & CACI
The Modern Marketer Aims to:
1. Provide consistent, exceptional, personal
experiences
2. By leveraging the right customer data
3. Delivering the right message, at the right
time, in the right channel
The Modern Marketer Aims to:
1. Provide consistent, exceptional, personal
experiences
2. By leveraging the right customer data
3. Delivering the right message, at the right
time, in the right channel
Brands prioritize customer experience,
change their perspective
Inside out  Outside in
What is the customer’s experience?
How can it be improved?
40% of $1billion+ enterprises have a Chief
Customer Officer
Source: CCO Council
Personalized messaging is more effective
Research shows that personalization can
deliver five to eight times the ROI on
marketing spend, and lift sales 10% or more.
- McKinsey, HRB blog, 2012
It’s about relationships
$$$ $ $$$$$$
Location
Demographics
Transaction history
Socialgraphics
Etc.
Each customer is unique
Browsing history
The Modern Marketer Aims to:
1. Provide consistent, exceptional, personal
experiences
2. By leveraging the right customer data
3. Delivering the right message, at the right
time, in the right channel
Oracle Customer Advisory Board Presentation, Napa, February 2014
Little Data trumps Big Data
When is it valuable to know more about
customers? What data matters?
• Lead scoring
• Prevent Churn
• Conquesting
• Sampling
• Reward loyalty• Promote advocates
• Reactivation
• Product
personalization
• Identify
influencers
• Lookalike Audiences
• Anticipate
support
SEM
Website
content
Ads:
display,
retargeting,
affiliate
Email
SMS
Case Study: Universal Music Group uses
social data to better target customers
• Profile
• Friends
• Reviews
• Comments
• Location
• Shares
• Views
• Likes
Universal Music Group uses social data
to better understand customer interests
1. Match social profiles
to email through social
login
Social
scores
Append to email database
2. Capture social
signals
• Facebook Likes
• Twitter Follows
• Spotify Listens
• Youtube Views
Non-Targeted Email
Unique Open Rate:
• “Batch & Blast”
• Content Heavy, 20+ Promoted
Items
UMG’s Interscope
Records customer
email
7%
Targeted Twitter Followers of
• Will.i.am
• Britney Spears
• Lil Wayne
• Diddy
Interscope sees lift in open rates by
targeting with social signals
Semi-targeted Email
Unique Open Rate: 16%
Targeted by:
• “The XX” Social Scores*
• Great Gatsby Social Scores
Combining social scores
for even greater
relevance, open rates
increase 10x
Targeted Email
Unique Open Rate:
*Note: for those unfamiliar, “The XX” is a band
66.7%
The Modern Marketer Aims to:
1. Provide consistent, exceptional, personal
experiences
2. By leveraging the right customer data
3. Delivering the right message, at the right
time, in the right channel
Retargeting is effective—but closing the loop
is hard
Tools have potential to scale relationships
Customer action
(e.g. download whitepaper,
Watch product video)
Update lead score, send
relevant message
Customer data is in silos
ServiceSales Loyalty Social Marketing
Consolidation of technology components is
inevitable: data + engagement
Social Monitoring
Social Media Management
Marketing Automation/
Email Marketing
Content Marketing
Data and CRM
DMP/Third party dataData
Engage
Social NetworkOracle Social NetworkCollaborate
The Modern Marketer Aims to:
1. Provide consistent, exceptional, personal
experiences
2. By leveraging the right customer data
3. Delivering the right message, at the right
time, in the right channel
4. Through an organization of Modern
Marketers
What does a modern
marketer look like?
Today, everyone is
contributing to a
dynamic customer
journey
Digital Leadership Framework
Create Sticky Content
Set Engagement
Strategy
Filter
Information/engagement
for meaning
Drive Organizational
Capabilities
Personal Organizational
Internal
External
Assessment and Recommendations
Self-assessment: On a scale of 1-5, how do
you rate yourself?
• Data about customers
• Ability to create content & experiences
• Ability to deliver those experiences
• Organizational integration
The Modern Marketer Will:
1. Leverage the right customer data
2. to provide consistent, exceptional,
personal experiences
3. by delivering the right message, at the
right time, in the right channel
4. through an organization of Modern
Marketers
So customer relationships can feel like this
again
Thank You
Charlene Li
charlene@altimetergroup.com
charleneli.com
@charleneli
Disclaimer: Although the information and data used in this report have been produced and processed from sources believed to be
reliable, no warranty expressed or implied is made regarding the completeness, accuracy, adequacy or use of the information. The
authors and contributors of the information and data shall have no liability for errors or omissions contained herein or for
interpretations thereof. Reference herein to any specific product or vendor by trade name, trademark or otherwise does not
constitute or imply its endorsement, recommendation or favoring by the authors or contributors and shall not be used for advertising
or product endorsement purposes. The opinions expressed herein are subject to change without notice.
For Slides, send an email to slides@altimetergroup.com
Altimeter Group provides research and advisory for companies
challenged by business disruptions, enabling them to pursue new
opportunities and business models.
Andrew Jones
andrew@altimetergroup.com
Altimetergroup.com/blog
@andrewjns
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Oracle Customer Advisory Board Presentation, Napa, February 2014

  • 1. The Makings of the Modern Marketer April 3, 2014 Charlene Li, Founder and Analyst Andrew Jones, Analyst
  • 2. This was once the scale of a customer relationship
  • 3. Today it’s not so easy. How do we build one-to-one relationships at scale?
  • 4. In 2014, the customer journey will continue to fragment, making it harder than ever for brands to track and engage with customers
  • 5. Marketing Sales Customer Service HR Innovation etc. The Dynamic Customer Journey Awareness Consideration Intent Purchase Support Loyalty Advocacy
  • 6. “A friend of mine gets Christian Mingle ads, even though he’s Jewish and married. That shouldn’t happen. His religion and marital status are available on Facebook.” -Bill Piwonka, VP Marketing Janrain
  • 7. 90% Of companies are committed to delivering an integrated customer experience Source: Econsultancy & CACI
  • 8. 20% Have a well developed strategy Source: Econsultancy & CACI
  • 9. The Modern Marketer Aims to: 1. Provide consistent, exceptional, personal experiences 2. By leveraging the right customer data 3. Delivering the right message, at the right time, in the right channel
  • 10. The Modern Marketer Aims to: 1. Provide consistent, exceptional, personal experiences 2. By leveraging the right customer data 3. Delivering the right message, at the right time, in the right channel
  • 11. Brands prioritize customer experience, change their perspective Inside out  Outside in What is the customer’s experience? How can it be improved?
  • 12. 40% of $1billion+ enterprises have a Chief Customer Officer Source: CCO Council
  • 13. Personalized messaging is more effective Research shows that personalization can deliver five to eight times the ROI on marketing spend, and lift sales 10% or more. - McKinsey, HRB blog, 2012
  • 15. $$$ $ $$$$$$ Location Demographics Transaction history Socialgraphics Etc. Each customer is unique Browsing history
  • 16. The Modern Marketer Aims to: 1. Provide consistent, exceptional, personal experiences 2. By leveraging the right customer data 3. Delivering the right message, at the right time, in the right channel
  • 18. Little Data trumps Big Data
  • 19. When is it valuable to know more about customers? What data matters? • Lead scoring • Prevent Churn • Conquesting • Sampling • Reward loyalty• Promote advocates • Reactivation • Product personalization • Identify influencers • Lookalike Audiences • Anticipate support
  • 20. SEM Website content Ads: display, retargeting, affiliate Email SMS Case Study: Universal Music Group uses social data to better target customers • Profile • Friends • Reviews • Comments • Location • Shares • Views • Likes
  • 21. Universal Music Group uses social data to better understand customer interests 1. Match social profiles to email through social login Social scores Append to email database 2. Capture social signals • Facebook Likes • Twitter Follows • Spotify Listens • Youtube Views
  • 22. Non-Targeted Email Unique Open Rate: • “Batch & Blast” • Content Heavy, 20+ Promoted Items UMG’s Interscope Records customer email 7%
  • 23. Targeted Twitter Followers of • Will.i.am • Britney Spears • Lil Wayne • Diddy Interscope sees lift in open rates by targeting with social signals Semi-targeted Email Unique Open Rate: 16%
  • 24. Targeted by: • “The XX” Social Scores* • Great Gatsby Social Scores Combining social scores for even greater relevance, open rates increase 10x Targeted Email Unique Open Rate: *Note: for those unfamiliar, “The XX” is a band 66.7%
  • 25. The Modern Marketer Aims to: 1. Provide consistent, exceptional, personal experiences 2. By leveraging the right customer data 3. Delivering the right message, at the right time, in the right channel
  • 26. Retargeting is effective—but closing the loop is hard
  • 27. Tools have potential to scale relationships Customer action (e.g. download whitepaper, Watch product video) Update lead score, send relevant message
  • 28. Customer data is in silos ServiceSales Loyalty Social Marketing
  • 29. Consolidation of technology components is inevitable: data + engagement Social Monitoring Social Media Management Marketing Automation/ Email Marketing Content Marketing Data and CRM DMP/Third party dataData Engage Social NetworkOracle Social NetworkCollaborate
  • 30. The Modern Marketer Aims to: 1. Provide consistent, exceptional, personal experiences 2. By leveraging the right customer data 3. Delivering the right message, at the right time, in the right channel 4. Through an organization of Modern Marketers
  • 31. What does a modern marketer look like? Today, everyone is contributing to a dynamic customer journey
  • 32. Digital Leadership Framework Create Sticky Content Set Engagement Strategy Filter Information/engagement for meaning Drive Organizational Capabilities Personal Organizational Internal External
  • 34. Self-assessment: On a scale of 1-5, how do you rate yourself? • Data about customers • Ability to create content & experiences • Ability to deliver those experiences • Organizational integration
  • 35. The Modern Marketer Will: 1. Leverage the right customer data 2. to provide consistent, exceptional, personal experiences 3. by delivering the right message, at the right time, in the right channel 4. through an organization of Modern Marketers
  • 36. So customer relationships can feel like this again
  • 37. Thank You Charlene Li charlene@altimetergroup.com charleneli.com @charleneli Disclaimer: Although the information and data used in this report have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding the completeness, accuracy, adequacy or use of the information. The authors and contributors of the information and data shall have no liability for errors or omissions contained herein or for interpretations thereof. Reference herein to any specific product or vendor by trade name, trademark or otherwise does not constitute or imply its endorsement, recommendation or favoring by the authors or contributors and shall not be used for advertising or product endorsement purposes. The opinions expressed herein are subject to change without notice. For Slides, send an email to slides@altimetergroup.com Altimeter Group provides research and advisory for companies challenged by business disruptions, enabling them to pursue new opportunities and business models. Andrew Jones andrew@altimetergroup.com Altimetergroup.com/blog @andrewjns